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Solution
Calculate ending inventory :
| a) First in first out | |||
| June 20 | 10 Units at | 62 | 620 |
| June 30 | 15 units at | 63 | 945 |
| Total | 1565 | ||
| Last in first out | |||
| Jan 1 | 5 Units at | 60 | 300 |
| Jan 8 | 5 Units at | 61 | 305 |
| Jan 20 | 15 Units at | 63 | 945 |
| Total | 1550 |
